⚠️ Bitcoin in crisis, but ETFs hold strong: long-term investors remain confident!
Welcome to the Daily Tribune of Saturday, March 15, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today, it is Saturday, March 15, 2025, and like every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
Bitcoin ETFs retain 95% of their assets despite market volatility
Despite a 25% drop in Bitcoin's price, Bitcoin ETFs managed to maintain 95% of their invested capital. This resilience indicates a shift in mindset among investors, who now favor a long-term approach over short-term speculation. However, incoming flows have slowed, suggesting possible turbulence ahead. Read the full article
BRICS: Russia adopts cryptos to export its oil to India
Faced with Western economic sanctions, Russia uses Bitcoin and Tether to bypass restrictions and export its oil to India. This cryptocurrency cross-border exchange system could mark a transition to a multipolar economy and reduce the dollar's influence on international trade. Read the full article
Ethereum fees collapse by 95%: A historic turning point!
Thanks to the Dencun update, transaction fees on Ethereum have dropped by 95%, making NFT swaps and sales almost free. However, this technical improvement did not prevent the decline in ETH's price, which has lost more than 50% in a year. Read the full article
The Pump.fun ecosystem loses 99% of its memecoins in four weeks
The memecoins launched on Pump.fun, a platform dedicated to Solana blockchain, saw their success rate drop below 1%. This loss of interest in ultra-speculative tokens illustrates a shift in the dynamics of the crypto market, where investors are turning away from the riskiest projects. Read the full article
Ethereum postpones the Pectra update, but a date is clarified
Initially scheduled for March, the Ethereum Pectra update has been postponed due to technical issues. A third testnet will be launched on March 17, and if all goes well, the deployment on the mainnet is set for April 25. This update aims to improve scalability and security of the network. Read the full article
The crypto of the day: Cosmos (ATOM)
Cosmos positions itself as a solution to major challenges in the blockchain sector, particularly slowness, high costs, lack of scalability, and the environmental impact of proof-of-work protocols. Its goal is to create an ecosystem of interconnected blockchains, facilitating communication between them through its inter-blockchain communication protocol (IBC). This approach aims to reduce sector fragmentation by enabling smooth interoperability between different chains.
The native token of Cosmos, ATOM, is essential for the proper functioning of the network. It is used to secure the Cosmos Hub, the central blockchain of the network, via a hybrid proof-of-stake consensus mechanism. ATOM holders can participate in network governance by voting on proposals, thereby directly influencing the evolution of the protocol.
Recent performances:
Current price: $4.51 (approximately €4.26)
24-hour change: +11.5%
Market capitalization: $1.96 billion
Rank on CoinMarketCap: #49
Ethereum facing a disaster scenario: A 20% drop risk?
The crypto market is undergoing a period of uncertainty, and Ethereum is not escaping this trend. According to several analysts, a disaster scenario could see ETH's price drop by 20% and potentially reach $1,500. If this scenario unfolds, we could witness a domino effect on the DeFi ecosystem, threatening $336 million of liquidations on lending platforms.
A risk of massive liquidations that worries experts
Sudden drops in Ethereum are often exacerbated by leverage effects used on DeFi platforms. When the price drops, highly leveraged positions are liquidated, further accelerating the decline by triggering new forced sales. In the current case, two key levels are to be monitored:
$1,857: A fall below this threshold would already trigger $136 million in liquidations.
$1,780: A break at this level would add an additional $117 million in losses.
$1,500: An extreme scenario that could liquidate up to $336 million, further amplifying the downward pressure.
One of the major warning points concerns highly leveraged positions on the Sky platform (formerly Maker), where a $130 million loan backed by ETH could be forced into liquidation if Ethereum continues its decline.
What factors could worsen Ethereum's decline?
Several elements make this scenario plausible:
An uncertain macroeconomic environment: The decline in liquidity in financial markets and the expectation of interest rate easing by the Fed lead investors to be more cautious.
Lack of institutional interest: Unlike Bitcoin, which benefits from the adoption of Spot ETFs, Ethereum does not yet have this massive institutional support.
Stricter regulations: Uncertainties about crypto regulation in the United States and Europe are stifling investor enthusiasm.
A diversification to limit risks?
In the face of this threat, some experts believe that integrating real assets (such as real estate or gold) into decentralized finance (DeFi) could reduce volatility. This approach would allow investors to avoid excessive exposure to crypto market fluctuations and limit the cascading effects of liquidations.
The future of Ethereum remains uncertain in the short term, but the coming days will be crucial. If ETH's price manages to stabilize above critical levels, a recovery could begin. Conversely, a new wave of liquidations could shake the market and drive Ethereum to new lows.
